The exchange rate system currently used by the industrially advanced nations is
A)the gold standard.
B)the Bretton Woods system.
C)the managed float.
D)a fixed rate system.

Question

Quizplus · Accepted Answer

The industrially advanced nations currently use the managed float system, where exchange rates fluctuate but central banks intervene to stabilize their currencies when necessary.

The Exchange Rate System Currently Used by the Industrially Advanced